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Singapores Keppel posts 66% increase in halfyear profits as businesses recover

Keppel Corp reported a 66% rise in firsthalf profit on Thursday, helped by higher earnings across most of its main businesses. The Singaporean conglom

Keppel Corp reported a 66% rise in firsthalf profit on Thursday, helped by higher earnings across most of its main businesses. The Singaporean conglomerate traces its roots to a small ship repair yard corporatized in 1968. It posted a net profit of S$498 million for the six months to Jun 30, compared to S$300 million a year earlier. Keppel Corp has proposed an interim dividend of 15 Singapore cents per share, compared with 12 Singapore cents a year earlier, boosted by strong performances from its renewable energy and asset management units. Read More..

B2B Tech News | 3 years ago        

The cabinet has approved a BPCL unit to invest Rs 12,000 crore in developing Brazils oil fields

Bharat PetroResources Ltd BPRL has received additional funding of $1,600 million from the Union Cabinet Committee on Economic Affairs CCEA for the gro

Bharat PetroResources Ltd BPRL has received additional funding of $1,600 million from the Union Cabinet Committee on Economic Affairs CCEA for the growth of the BMSEAL11 Concession Project in Brazil. The Cabinet also gave BPRL, a wholly owned subsidiary of Bharat Petroleum Corporation Limited BPCL, permission to increase the cap on BPCLs equity investment and the permitted share capital of the company. Brazilian crude oil is a source of interest for Indian oil companies. Read More..

B2B Tech News | 3 years ago        

Telenet reports main profit down 3% in the first half

Telecoms company Telenet reported a 3% drop in its core profit in the first half of the year due to inflation and high energy prices. The group repor

Telecoms company Telenet reported a 3% drop in its core profit in the first half of the year due to inflation and high energy prices. The group reported adjusted earnings before interest, tax, depreciation, and amortization EBITDA of €670.6 million $684.1 million for the six months that ended June 30. The sale of Telenets telecommunications tower business resulted in a net profit of €793.4 million, an increase of 275%. Telenet has confirmed its outlook for the full year and is looking forward to a strong second half in terms of both revenue and adjusted EBITDA. Read More..

B2B Tech News | 3 years ago        

SQM has signed a contract to monetize the Australian Dorchap lithium project

Chilean lithium producer Sociedad Química y Minera de Chile SQM, through its whollyowned subsidiary SQM Australia, has agreed with Dart Mining to acq

Chilean lithium producer Sociedad Química y Minera de Chile SQM, through its whollyowned subsidiary SQM Australia, has agreed with Dart Mining to acquire a stake in the Dorchap lithium project in Victorias Australia. This transaction authorizes SQM to explore, mine, and process lithium and related minerals at the project. These projects include Victorian Exploration Barracks EL5315, EL006277, EL006300, and EL006486. The transaction also authorized SQM for funding an exploration program for the project over the next six years. The funding is up to US$12 million, excluding 70% of the commitment. After SQM will initially acquire a 30% stake in the project, the company will have the option to form a joint venture with Dart Mining. Read More..

B2B Tech News | 3 years ago        

The British BT returns to sales growth and reiterates its forecasts

BT Group beat market expectations with a 1% rise in sales in the first quarter, driven by price increases and better offers in the consumer segment. T

BT Group beat market expectations with a 1% rise in sales in the first quarter, driven by price increases and better offers in the consumer segment. The company, hit by a strike by another 40,000 paid workers on Friday, reported sales of 5.1 billion pounds and an underlying profit of 1.9 billion pounds $2.3 billion, up 2 %. Managing director Philip Jansen said that despite the business difficulties, BT performed well in its operations for the three months to June 30 and had recovered core revenues and profits. Read More..

B2B Tech News | 3 years ago        

Bangladesh seeks IMF funding as import bill hits South Asia

Bangladesh has become the latest South Asian country to seek international financial assistance, asking the IMF for a multibilliondollar loan. The IMF

Bangladesh has become the latest South Asian country to seek international financial assistance, asking the IMF for a multibilliondollar loan. The IMF added that Bangladesh has reached out to Bangladesh to begin negotiations on the program and is seeking a form of stability and resilience to help the country adapt to climate change. Bangladesh is in a better position than other South Asian countries due to its strong export sector, where the garment trade is an important source of foreign exchange earnings. Now facing increasing import legislation, Bangladeshi officials have dismissed suggestions that the country is in crisis. Sri Lanka has yet to reach an agreement with the IMF, but Pakistan reached a tentative agreement this month on a $1.3 billion loan as part of a $7 billion aid package. Read More..

B2B Tech News | 3 years ago        

CBK bans Lipa na MPesa interestfree loan scheme

The launch of a Safaricombacked zerointerest credit service for the purchase of goods was thwarted by the Central Bank of Kenya CBK. According to thre

The launch of a Safaricombacked zerointerest credit service for the purchase of goods was thwarted by the Central Bank of Kenya CBK. According to three people with knowledge of the situation, the CBK requested that the manufacturers of the product known as Faraja cease distribution. If approved, Faraja users can spend up to Sh100,000 on goods and services and pay the same amount without the additional fees associated with other credit products. By charging Lipa Na MPesa fees, which range from Sh23 to Sh210, Safaricom will be compensated for its costs. Read More..

B2B Tech News | 3 years ago        

NBN Co. was told to reset its pricing strategy

NBN Co will remove special access obligations from the ACCC assessment and make significant changes based on revised expectations arising from the new

NBN Co will remove special access obligations from the ACCC assessment and make significant changes based on revised expectations arising from the new federal agreement.The SAU before the ACCC has been widely criticized by retail service providers RSPs because it would lock in price rises every year between now and 2040. A discussion paper on the new SAU will be published early next month. Rowland said any variation to the SAU will need to have some regard for the past, and that the companys original proposals had unrealistic revenue expectations. Aussie Broadband managing director Phillip Britt says he is pleased to see the government defend Australians from rising internet bills. Telstra looks forward to a wholesale pricing and service regime which provides a better experience for customers and a more successful industry. Read More..

B2B Tech News | 3 years ago        



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